Down Day, Strong Month

Monday’s session ended in the red zone. Financial stocks Morgan Stanley, Citigroup, and Bank of America and commodities brands such as Alcoa and Chevron took a breather. Stocks dipped on the last trading session of a strong month. Meanwhile, Midwestern manufacturing retreated slightly in October. The Chicago Purchasing Managers index dropped to 58.4, following a reading of 60.4 in September. The result met economists’ expectations. On another note, crude oil shed 13 cents to settle at $93.19 a barrel. Looking ahead, Sirius XM Radio and Discovery Communications will release earnings details tomorrow.

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